Uniswap decentralized exchange has finally limited some stock tokens like other exchanges like Binance for this DeFi business products in the last few days. This is despite the fact that Binance announced that in the next few months will stop to support these tokens trading.
According to shetcoiner and quote to Coindesk:” Uniswap labs, the main developer if the Uniswap decentralized exchange, has announced that has restricted access to some tokens, including stock and derivative tokens, in the protocol it supports with the post that was published in their website last Friday.
This news comes a day after US lawmakers issued a statement saying that they intend to increasingly scrutinize this form of product. When explaining its decision, Uniswap referred to an “Evolving Regulatory Landscape.”
Uniswap has this in post in its blog:
Consistent with actions taken by other DeFi interfaces, we have taken the decision to restrict access to certain tokens through app.uniswap.org
Uniswap restrictions apply to tokens while other cryptocurrency companies, including Binance, have in recent weeks, in a similar move, restricted trading of token tokens for and They will stop in 90 days.
However, this is in a situation where Binance is a centralized exchange and Uniswap is a decentralized exchange, it only restricts access through its own interface. Uniswap users can still access these assets and products through other portals on this decentralized finance platform that support stock tokens.
Cryptocurrencies have recently come under heavy scrutiny from regulators, including prominent US officials. Also on Tuesday, Gary Gensler, chairman of the Securities and Exchange Commission, said in a speech at the American Bar Association that stock tokens on both centralized and decentralized platforms must be registered in accordance with legal regulations.